Is Bay City, MI 48706 a buyer’s or seller’s market?

The Bay City housing market right now

In the three months ending August 31, 2026, 28% of homes in Bay City, MI 48706 sold above their list price, the typical home went under contract in 30 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 147 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 36%, homes sold more slowly (20 days then) and the median sale price rose 5% to $191,917. Overall, Bay City is less competitive than a year ago, which gives buyers more room.

Within Bay County, homes here sell more slowly than in 71% of the county’s ZIP codes, and sell less often over asking than in 57%. On our competition score, Bay City ranks #309 of 510 MI ZIP codes with enough sales (score 58 out of 100).

Nearby, buyers who want less competition could look at Munger 48747 (0% sold over asking) or Linwood 48634 (0% sold over asking), while Kawkawlin 48631 (67% sold over asking) and Auburn 48611 (44% sold over asking) are even more competitive.